|Bid||18.31 x 0|
|Ask||18.31 x 0|
|Day's Range||18.71 - 19.07|
|52 Week Range||9.69 - 22.00|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 26, 2018|
|Forward Dividend & Yield||0.01 (0.06%)|
|1y Target Est||18.08|
Today we’re going to take a look at the well-established First Quantum Minerals Ltd (TSX:FM). The company’s stock saw a double-digit share price rise of over 10% in the pastRead More...
Previously in this series, we’ve looked at Freeport-McMoRan’s (FCX) 1Q18 earnings estimates and the key updates that markets might watch for on the company’s earnings call. In this final article of our series, we’ll see how analysts are rating Freeport ahead of its 1Q18 earnings release. Freeport has received a “strong buy” rating from one analyst while six analysts have a “buy” rating on the stock. Thirteen analysts have rated Freeport a “hold” or some equivalent, while the remaining three analysts polled by Thomson Reuters on April 17 rate the stock a “sell.” Freeport has received a mean consensus price target of $20.57, which represents 12.4% upside over April 17 closing prices.
Freeport-McMoRan (FCX), the leading US-based copper miner, is slated to release its 1Q18 earnings on April 24. Teck Resources (TECK) is also expected to release its quarterly earnings on the same day, followed by First Quantum Minerals’ (FM) earnings release on April 26. Since it’s quarterly earnings season, diversified miners including BHP Billiton (BHP) will likely only release their operational data, as these companies only release their half-yearly and annual financial results.
Pure-play copper miners Freeport-McMoRan (FCX) and First Quantum Minerals (FM) had fallen 5.7% and 1.9%, respectively, this year as of April 6. What does this divergence between copper and miner stock prices tell us? In the case of copper miners such as Antofagasta (ANTO), earnings are sensitive to changes in copper prices.
Freeport-McMoRan (FCX), the leading US-based copper miner, had fallen 5.7% in 2018 as of April 6. Other copper miners saw selling pressure as well. Antofagasta (ANTO) had fallen 8.9%, while First Quantum Minerals (FM) had fallen 1.9%. However, Southern Copper (SCCO) had risen 15.3%. The company, like Turquoise Hill Resources (TRQ), is a pure-play copper miner.
First Quantum to Release First Quarter 2018 Financial and Operating Results on April 26, 2018
As we discussed earlier, copper rose sharply in December 2017. Among other factors, a wave of labor negotiations has lent support to copper’s bullish thesis. Notably, labor contracts at several leading copper mines, including BHP Billiton–operated (BHP) Escondida, are coming up for negotiation this year.
Canada's main stock index closed at a six-week low on Wednesday as a retreat in gold and oil prices weighed on mining and energy companies, though a rebound in Hudson Bay shares helped curb declines. * ...
Moody's Investors Service has today affirmed the B3 corporate family rating (CFR), the B3-PD probability of default rating (PDR) and the B3 senior unsecured rating of First Quantum Minerals Ltd (FQM). ...
TORONTO , March 27, 2018 /PRNewswire/ - First Quantum Minerals Ltd. ("First Quantum" or the "Company", TSX Symbol "FM") today advised that its 2017 Annual Report and Annual ...
TORONTO, March 26, 2018 /PRNewswire/ - First Quantum Minerals Ltd. ("First Quantum" or the "Company", TSX Symbol "FM") today confirmed that, following the resolution of the industrial action at Cobre Panama, it is now conducting the necessary preparations to allow the return of workers to the affected areas of the site. Cobre Panama wishes to thank government officials for their efforts in achieving this successful resolution.
First Quantum Minerals Confirms Return to Work Process Initiated at Cobre Panama Project Site
First Quantum Minerals Ltd’s (TSX:FM): First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. On 31 December 2017, the CA$12.86B market-cap posted a loss ofRead More...
TORONTO/LONDON, March 21 (Reuters) - Canada's First Quantum Minerals on Wednesday was hopeful of resolving a dispute with Zambia over a whopping 76.5 billion Zambian kwacha ($8.07 billion) bill for unpaid duties on imported mining equipment. Zambia has reduced "significant" tax assessments against it in the past, Chief Executive Philip Pascall said on a conference call with analysts. The bill comprises $150 million in higher import duties, $2.1 billion in penalties and $5.7 billion in interest, First Quantum said.
First Quantum Minerals Ltd. recovered from what was shaping up to be its worst two-day drop in two years as its chief executive officer said he’s hoping to talk his way out of a $7.9 billion tax bill in ...
First Quantum Minerals Ltd. is hoping to talk its way out of a $7.9 billion tax assessment in Zambia. Investors aren’t so sure, with shares down 17 percent in the two days since news of the claim emerged....
Zambia said it uncovered a nearly $8 billion unpaid tax bill by Canadian miner First Quantum Minerals as it moves to audit the mining industry.